FEDERATED HERMES PREM MUNI I FMN
COM · Closed-End Fund · CUSIP 31423P108
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.58.
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 46 |
| Q1 2023 | 45 |
| Q2 2023 | 48 |
| Q3 2023 | 47 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 24 | 17 |
| Q1 2023 | 21 | 18 |
| Q2 2023 | 16 | 23 |
| Q3 2023 | 21 | 21 |
Biggest buyers
| Saba Capital Management, L.P. | Added | +446.8k |
| Alpine Global Management, LLC | Added | +69.2k |
| ADVISOR PARTNERS II, LLC | New | +68.4k |
| GUGGENHEIM CAPITAL LLC | Added | +46.6k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +43.5k |
| Logan Stone Capital, LLC | Added | +41.8k |
| AQR Arbitrage LLC | Added | +38.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +21.8k |
| BANK OF AMERICA CORP /DE/ | Added | +21.5k |
| Bank of New York Mellon Corp | New | +15.5k |
Biggest sellers
| Houlihan Financial Resource Group, Ltd. | Sold out | -103.3k |
| Ackerman Capital Advisors, LLC | Reduced | -39.1k |
| Invesco Ltd. | Sold out | -23.7k |
| XML Financial, LLC | Reduced | -13.5k |
| COMMONWEALTH EQUITY SERVICES, LLC | Sold out | -13.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -12.9k |
| UBS Group AG | Reduced | -12.6k |
| MAI Capital Management | Sold out | -10.6k |
| DRIVE WEALTH MANAGEMENT, LLC | Reduced | -9.6k |
| MORGAN STANLEY | Reduced | -9.1k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BANK OF AMERICA CORP /DE/ 13D · may seek influence no change · filed 2026-04-06 | 100.0% |
Fell to 5% or below in the last year: FIRST TRUST PORTFOLIOS LP (3.2%, 2026-01-30)
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.35% of their portfolio | 1.1m $10.9m | Added +446.8k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 336.9k $3.2m | Added +21.8k |
| 1607 Capital Partners, LLC 0.23% of their portfolio | 317.4k $3.0m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.19% of their portfolio | 311.6k $3.0m | Reduced -5.9k |
| MORGAN STANLEY 0.00% of their portfolio | 285.2k $2.7m | Reduced -9.1k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 251.9k $2.4m | Added +46.6k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.88% of their portfolio | 204.4k $2.0m | Added +8.6k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.15% of their portfolio | 180.9k $1.7m | Added +43.5k |
| Logan Stone Capital, LLC 0.47% of their portfolio | 179.2k $1.7m | Added +41.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 166.8k $1.6m | Added +21.5k |
| Alpine Global Management, LLC 0.18% of their portfolio | 156.6k $1.5m | Added +69.2k |
| AQR Arbitrage LLC 0.06% of their portfolio | 142.8k $1.4m | Added +38.7k |
| UBS Group AG 0.00% of their portfolio | 111.7k $1.1m | Reduced -12.6k |
| GILL CAPITAL PARTNERS, LLC 0.46% of their portfolio | 109.3k $1.0m | Added +30 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 72.3k $692.9k | Reduced -3.3k |
| ProVise Management Group, LLC 0.06% of their portfolio | 68.8k $659.1k | Reduced -6.4k |
| ADVISOR PARTNERS II, LLC 0.03% of their portfolio | 68.4k $655.6k | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 58.6k $561.6k | Reduced -1.7k |
| Ackerman Capital Advisors, LLC 0.14% of their portfolio | 53.8k $515.7k | Reduced -39.1k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 46.1k $441.5k | Added +3.4k |
| Matisse Capital 0.30% of their portfolio | 44.6k $427.2k | Unchanged |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio | 35.2k $337.1k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 35.0k $335.5k | Reduced -2.7k |
| XML Financial, LLC 0.04% of their portfolio | 33.2k $318.2k | Reduced -13.5k |
| SIT INVESTMENT ASSOCIATES INC 0.01% of their portfolio | 31.5k $302.0k | Added +3.2k |
| Capital Investment Advisors, LLC 0.01% of their portfolio | 29.9k $286.7k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.4k $281.4k | Reduced -1 |
| Capital Market Strategies LLC 0.27% of their portfolio | 28.1k $270.4k | Added +1.4k |
| DRIVE WEALTH MANAGEMENT, LLC 0.07% of their portfolio | 18.7k $179.5k | Reduced -9.6k |
| Cedar Brook Financial Partners, LLC 0.04% of their portfolio | 16.0k $153.5k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 15.5k $148.6k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 14.3k $137.0k | Reduced -4.5k |
| Schneider Downs Wealth Management Advisors, LP 0.03% of their portfolio | 13.3k $127.0k | Unchanged |
| Ramiah Investment Group 0.13% of their portfolio | 12.8k $122.8k | Reduced -1.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.9k $104.9k | Unchanged |
| AMERICAN NATIONAL BANK & TRUST 0.02% of their portfolio | 10.7k $102.1k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 8.4k $80.4k | Added +100 |
| Avior Wealth Management, LLC 0.00% of their portfolio | 3.7k $35.4k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2k $11.2k | New |
| CWM, LLC 0.00% of their portfolio | 1.0k $10.0k | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 405 $3.9k | Unchanged |
| Mascoma Wealth Management LLC 0.00% of their portfolio | 333 $3.2k | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 300 $2.0k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 191 $1.8k | Reduced -989 |
| BESSEMER GROUP INC 0.00% of their portfolio | 163 $2.0k | Added +7 |
| COMERICA BANK 0.00% of their portfolio | 64 $613 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |